Nick Thomas

Sanitas Peak to invest $3M in hemp producer Colorado Cultivars

Sanitas Peak, a Boulder, Colorado-based investment group, said it has placed a $3 million debt facility with Colorado Cultivars, a producer of industrial hemp. Proceeds from the loan primarily will be used to develop production and processing facilities at the company’s main farm in Eaton, Colorado. Colorado Cultivars grew 1,500 acres of hemp in 2018 […]

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Arizona payments processor to serve hemp, CBD businesses

While other banks and payment processors are stepping back, Hypur, an Arizona-based payments processor, has launched services to serve hemp and CBD merchants throughout the United States. Elavon, a U.S. Bank payments solution subsidiary, recently announced it would withdraw its services to the sector because of concerns over federal regulations. Other payment processing companies such as […]

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Hemp companies left looking for banking alternatives

The stability that the 2018 Farm Bill was supposed to bring to the hemp industry remains elusive, particularly on the banking front, where a risk-averse industry has been pulling its previously dipped toes out of the water. U.S. Bank’s payments processing subsidiary Elavon recently opted to pull out of offering services to hemp farmers and […]

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Confusion, enthusiasm combine at Hemp Investor Forum

Uncertainties surrounding regulations – both at the state and federal levels – and a lack of recent historic data in the United States are factors that could discourage investors in the American hemp industry, attendees at a Denver forum heard last week. However, savvy investors can still find opportunities in “one of the most unique […]

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Hemp manufacturer Charlotte’s Web explores uplisting to TSX, US stock exchanges

Charlotte’s Web, the Colorado-based hemp and CBD company, is continuing to explore the possibility of either uplisting to either the Toronto Stock Exchange or U.S. exchanges. Various options are being looked at, including a possible listing on the New York Stock Exchange, CEO Hesaam Moallem told analysts on a conference call to discuss the company’s […]

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Arizona hemp farmers get green light to plant in June

Hemp farmers in Arizona can now begin planting two months earlier than originally planned, thanks to a bill signed into law by Gov. Doug Ducey. State Sen. Sonny Borrelli of Lake Havasu City sponsored the bill, which could permit farmers to plant as early as June rather than waiting for August, as set by another bill […]

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GW Pharma denies supply issues with cannabis-based drug Epidiolex after stock falls

GW Pharmaceuticals, the British maker of epileptic seizure-control medication Epidiolex, said it was not aware of any supply issues related to the cannabis-derived drug after a tweet from a patient’s father complained he could not source the medicine. GW’s stock was down more than 3% on Wednesday on the Nasdaq after the tweet from San […]

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FSD Pharma reveals hemp purchase agreement after Auxly deal collapses

Ontario-based FSD Pharma has agreed to buy 1,000 kilograms (2,200 pounds) of hemp on a contractual basis from a farmer in the province for CBD extraction at the company’s Cobourg facility. The move comes after the breakdown last week of an agreement between FSD and marijuana company Auxly for the purchase of 49.9% of the […]

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Maine orders CBD edibles removed from retail stores

Authorities in Maine have shocked retailers and hemp farmers by ordering CBD edibles be removed from stores amid concerns that cannabidiol still is not a federally approved food additive. Last week, health inspectors began ordering stores to remove “all foods, tinctures and capsules” containing the extract, the Portland Press Herald reported. Other nonedible CBD products, […]

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